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Saudi Arabia Ready Meals Market Size (2024 - 2029)

The Saudi Arabia Ready Meals Market is experiencing growth, driven by the increasing demand for diverse and convenient food options. The market's expansion is influenced by trends such as the rising popularity of organic frozen ready meals, which are sought after for their nutritional benefits and lack of contamination. The growing middle-class population, fueled by a significant number of expatriates, is contributing to the demand for international cuisines and packaged food formats. This dynamic is enhancing the market's size, as consumers become more aware of healthy eating habits and seek out meals that align with these preferences.

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Market Size of Saudi Arabia Ready Meals Industry

Saudi Arabia Ready Meals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.56 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Saudi Arabia Ready Meals Market Analysis

The Saudi Arabia Ready Meals Market size is anticipated to grow from USD 27.53 million in 2023 to USD 32.79 million by 2028, at a CAGR of 3.56% during the forecast period (2023-2028).

In recent years, ready-to-eat food has evolved into one of the most diverse segments of the ready-meal industry. On-the-go eating options with organic food products offered by manufacturers for consumers are one of the emerging trends in the country as they provide everything from frozen sweets to appetizers and meals. Consumers are interested in consuming organic frozen-ready meals as they are free of microbiological and fungal contamination. The nutritional and health benefits of organic frozen ready meals have led to the demand for products in the country.

The GCC population is booming, and the middle-class population has been expanding rapidly over the years, driven by a sizeable number of expatriates who account for 52% of the region's population. According to the World Bank, Saudi Arabia has a significant population in the Middle Eastern region, with over 36 million residents in 2021, growing at an annual rate of 2.0%. People are influenced by global consumer trends, driving the demand for international food and foreign cuisines through HRI and packaged formats in retail. This factor is boosting the country's ready meals market.

While the continuous influx of expatriates from different geographies may introduce diverse cuisines in the region, growing awareness of healthy eating habits may boost the demand for organic ingredients-infused ready meals in the country.

Saudi Arabia Ready Meals Industry Segmentation

Ready meals are convenient food options as they require less time for preparation. Classic deep-frozen products based on meat, fish, filled pasta, frozen pizzas, and similar products fall into this segment.

The Saudi Arabian ready meals market is segmented by product type and distribution channel. By product type, the market is segmented into frozen ready meals, chilled ready meals, and ambient ready meals. The market is segmented by distribution channel into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. For each segment, the market sizing and forecast have been done based on value (USD million).

Product Type
Frozen Ready Meal
Chilled Ready Meal
Ambient Ready Meal
Distribution Channel
Hypermarkets/Supermarkets
Convenience Stores
Online Retail Stores
Other Distribution Channels
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Saudi Arabia Ready Meals Market Size Summary

The Saudi Arabia ready meals market is experiencing a notable transformation, driven by evolving consumer preferences and demographic changes. The segment of ready-to-eat food has diversified significantly, with a growing demand for on-the-go options that include organic frozen products. This trend is fueled by the health benefits associated with organic ingredients, which are perceived as free from contamination. The expanding middle-class population, largely composed of expatriates, is influencing the market by increasing the demand for international cuisines and convenient food options. The market is further supported by the rising workforce participation and changing lifestyles, which emphasize the need for quick and easy meal solutions. The presence of major brands like Rio Mare and the increasing availability of frozen ready meals in urban centers such as Jeddah and Riyadh are contributing to the market's growth.

The competitive landscape of the Saudi Arabian ready meals market is characterized by the presence of key players such as Al Kabeer Group, Siwar Foods, Bolton Group SRL, Americana Group, and JBS Foods. These companies are expanding their product offerings and production capacities to meet the growing demand. The market is also witnessing the emergence of private-label products, which are enhancing competitiveness through promotional strategies. Initiatives like Almarai Company's collaboration with the Ministry of Investment and BRF Sadia's expansion in Dammam highlight the sector's potential for growth and export. The introduction of convenient product lines and strategic distribution through vending machines further underscores the market's dynamic nature, catering to the evolving needs of consumers in Saudi Arabia.

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Saudi Arabia Ready Meals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Popularity of Convenient Food Products

      2. 1.1.2 Increase in Tourism

    2. 1.2 Market Restraints

      1. 1.2.1 High Import Dependency for Food Ingredients

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Frozen Ready Meal

      2. 2.1.2 Chilled Ready Meal

      3. 2.1.3 Ambient Ready Meal

    2. 2.2 Distribution Channel

      1. 2.2.1 Hypermarkets/Supermarkets

      2. 2.2.2 Convenience Stores

      3. 2.2.3 Online Retail Stores

      4. 2.2.4 Other Distribution Channels

Saudi Arabia Ready Meals Market Size FAQs

The Saudi Arabia Ready Meals Market is projected to register a CAGR of 3.56% during the forecast period (2024-2029)

Al Kabeer Group , Siwar Foods , Bolton Group SRL , Americana Group and JBS Foods are the major companies operating in the Saudi Arabia Ready Meals Market.

Saudi Arabia Ready Meals Market Report Snapshots

Saudi Arabia Ready Meals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)